U.S.-China Business Agreements Signal Opportunities for American Workers

Contracts Help Create American Jobs and Promote U.S. Exports

WASHINGTON, D.C.–-The U.S. Chamber of Commerce hosted the U.S.-China Trade Cooperation Forum today to highlight the signing of over 30 contracts with Chinese business partners, worth more than $10 billion, that will support U.S. economic growth and job creation.

"With businesses in both countries struggling, these deals come at a critical time and will help create jobs and stronger commercial bonds between the United States and China," said Chamber Senior Vice President of International Affairs Myron Brilliant, who presided over the ceremony.

Prior to the signing ceremony, the U.S. Chamber hosted a forum at which Chinese Minister of Commerce Chen Deming, Acting U.S. Under Secretary of Commerce Michelle O'Neill, and senior American and Chinese business executives spoke about the importance of U.S.-China cooperation in addressing shared economic, geostrategic, and environmental challenges.

"The Chamber will continue to use its broad platform to advance China trade and investment opportunities for our members," said Brilliant. "We are in favor of expanding business relationships, but deals alone are not enough. We need to see genuine progress made by China as well as by the United States in reducing existing barriers to trade and investment that restrict market access and the ability of foreign companies to compete against domestic players.

"Our countries should lead by example and take significant steps to expand trade and investment flows, and thereby contribute to the global economic recovery," he said. The following companies signed business deals at today's ceremony: Alcatel-Lucent, Amway, Cisco, Dell, Emerson, EMC, Ford, Freescale, Hewlett-Packard, Hitachi Global Storage Technologies, IBM, Juniper, Microsoft, Motorola, Oracle, Revstone Industries, Seagate, The Shaw Group, Sun Microsystems, Western Digital, and Westinghouse.

The U.S. Chamber is the world's largest business federation representing more than
3 million businesses and organizations of every size, sector, and region.

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